Hi,
This is my second year in business and I am completing my self assessment for 2021/22.
I had 2 payments on account torward 2021/22, when I filed my previus return, but it doesn't seem to deducted it from the tax due for 21/22.
My question is , is there a section on the self assessment I need to declare my 1st and 2nd payment made torwards 21/22?
Thank you
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Replies (4)
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It won't and you don't - just manually note what you've paid, deduct it from what you owe (which may include a payment on account for 22/23) and pay the net.
Agree with this if you're submitting using HMRC website. Once your tax return is submitted it should show the amounts due in your HMRC account after a few days
Don't forget you may have payments on account for 22/23 as well and that will be half the tax less class 2 ni for Jan and July. That's half the tax calculated, not half the tax after 21/22 payments on account deducted
I think it might help to know what you are looking at.
Your SA302 will only show the calculated tax liability for a specific year. So isn't advising how much you need to pay.
Once you submit, it will normally give you a summary saying x due as balancing payment by 31st Jan, x due as 1st payment on account for 22/23 due by 31st Jan etc.
But that's only advising what liabilities were created by submission of the return.
I believe it's the SA300 statement which advises what payments have been made, what payments have still to be made etc.